Common use of Certificates and Payments Clause in Contracts

Certificates and Payments. (a) Following receipt of the Final Order and prior to the Effective Time, Parent shall deliver or arrange to be delivered to the Depositary the Consideration, including certificates or Direct Registration System Advices representing the Parent Shares required to be issued to the Company Shareholders in accordance with Section 3.1(d) hereof, which Parent Share evidence shall be held by the Depositary as agent and nominee for such former Company Shareholders for distribution to such former Company Shareholders in accordance with the provisions of Article 5 hereof.

Appears in 2 contracts

Samples: Arrangement Agreement (Nabors Industries LTD), Arrangement Agreement (Tesco Corp)

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Certificates and Payments. (a) Following receipt of the Final Order and prior to the Effective Time, Parent shall deliver or arrange to be delivered to the Depositary the Consideration, including certificates or Direct Registration System Advices customary evidence representing the Parent Shares required to be issued to the Company Shareholders in accordance with Section 3.1(d3.1(e) hereof, which Parent Share evidence shall be held by the Depositary as agent and nominee for such former Company Shareholders for distribution to such former Company Shareholders in accordance with the provisions of Article 5 hereof.

Appears in 1 contract

Samples: Arrangement Agreement (Interoil Corp)

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Certificates and Payments. (a) Following receipt of the Final Order and prior to the Effective Time, Parent shall deliver or arrange to be delivered to the Depositary the Consideration, including certificates or Direct Registration System Advices customary evidence representing the Parent Shares Securities required to be issued to the Company Shareholders in accordance with Section 3.1(d3.1(e) hereof, which Parent Share Security evidence shall be held by the Depositary as agent and nominee for such former Company Shareholders for distribution to such former Company Shareholders in accordance with the provisions of Article 5 hereof.

Appears in 1 contract

Samples: Arrangement Agreement (Interoil Corp)

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